Teachers Pay Teachers (acquired by IXL Learning)

Overview
News

Teachers Pay Teachers (TpT) is an online marketplace for educational resources founded in 2006 by Paul Edelman, a former New York City public school teacher. The platform allows educators to buy, sell, and share original teaching materials such as lesson plans, worksheets, activities, and digital resources. As of 2023, TpT serves over 7 million active users, with 85% of them being US Pre-K-to-12 teachers. The marketplace offers a variety of formats, including interactive, curriculum and standards-aligned, and culturally sensitive content. In March 2023, IXL Learning, owner of educational brands like Rosetta Stone and Education.com, acquired TpT for an undisclosed amount.

TpT operates on a seller-based model, where educators can create and upload resources to sell on the platform. The company offers two types of seller accounts: Basic (free) and Premium (USD 59.95 per year). Basic sellers earn 55% of each sale with a 30-cent transaction fee per resource, while Premium sellers earn 80% of each sale with a 15-cent transaction fee on orders less than USD 3.00. TpT uses Hyperwallet to process payments to sellers.

Key customers and partnerships

TpT's primary audience consists of educators, with 85% of users being US Pre-K-to-12 teachers. The platform also caters to homeschool parents, tutors, and other education professionals. In 2023, TpT reported having over 7 million active users and an estimated near one million sellers. The company has introduced TpT School Access, a subscription service that offers institution-wide content licensing for schools and districts. TpT has also launched Easel, a dedicated platform that allows teachers to deliver marketplace content directly to their students in an LMS-like environment.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
New York, NY
Founded year:
2006
Employees:
101-250
IPO status:
Private
Total funding:
USD 64.0 mn
Last Funding:
-
Last valuation:
-
Funding data are powered by Crunchbase
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